Macroeconomics-习题集1.docVIP

习题集一 Question 1 In Australia ,using 2000-01 as the base year, we would find that: Nominal GDP is always larger than real GDP. Real GDP is always larger than nominal GDP for the period 1960 to 2000. Real GDP is larger than nominal GDP from 1998 to 2002. Real GDP is smaller than nominal GDP from 1988 to 1995. Real GDP and nominal GDP would be equal for the entire period. Note: please see figure 2.1 on page 31 of the text book. Question 2 During the date 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that: Real GDP fell during these periods. Real GDP did not change during these periods. The overall price level in Japan decreased during these periods. Both real GDP and the overall price level decreased during these periods. Question 3 Suppose that in January 2003 in Australia, 200 million people are working, 20 million are not working but are looking for work, and 40 million are not working and have given up looking for work. The official unemployment rate for that month is: 7.7% 9.1% 10% 23% 30% Question 4 A country using the Australian system of unemployment statistics has 100 million people, of whom 50 million are working age. Of these 50 million, 20 million have jobs. Of the remainder: 10 million are actively searching for jobs; 10 million would like jobs but are not searching; and 10 million do not want jobs at all. The labour force is: 10 million 20 million 30 million 40 million 50 million Question 5 Suppose the consumption equation is represented by the following: C=100+ .75YD. The multiplier in this economy is_______. 0.25 0.75 1.33 2 4 Question 6 The paradox of saving suggests that an increase in the desire to save will cause: An incease in equilibrium GDP. A reduction in GDP. An increase in the desire to invest. No change in equilibrium GDP. A permanent increase in the level of saving. Note: Please see definition of “ paradox of saving” on page 674 of the text book. ( saving S↑→Y↓→S↓(S=Y-T-C) so,saving i